2024-06-20T10:02:44-05:00 2023-08-31 470625816 LUTZ AND COMPANY PC 13616 CALIFORNIA ST STE 300 OMAHA NE 681545336 990 2022-09-01 261545078 AVENUE SCHOLARS AVEN 4029169777 2121 N 117 AVENUE 220 OMAHA NE 68164 MIKE ALVANO CFO 4029169777 2024-06-19 1 MIKE ALVANO 999009999 0 HANNAH GOSCHA P02133534 4024968800 2024-06-05 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z X MIKE ALVANO 2121 N 117 AVENUE 220 OMAHA NE 68164 5159764 0 X WWW.AVESCHOLARS.ORG X 2007 NE TO PROVIDE AN AVENUE OF SUCCESS FOR NEBRASKA AND IOWA AREA STUDENTS OF TALENT AND NEED BY OFFERING COMPREHENSIVE SUPPORT FROM HIGH SCHOOL THROUGH COMMUNITY COLLEGE OR ENTRY INTO THE WORKFORCE LEADING TO ENHANCED LIVES AND CAREERS. 5 4 44 6 0 0 4740575 4884220 0 0 20852 66699 175829 98623 4937256 5049542 21674 43691 0 0 3771677 3431029 0 0 0 1527672 1521446 5321023 4996166 -383767 53376 2155096 2844840 16379 656034 2138717 2188806 TO PROVIDE AN AVENUE OF SUCCESS FOR NEBRASKA AND IOWA AREA STUDENTS OF TALENT AND NEED BY OFFERING COMPREHENSIVE SUPPORT FROM HIGH SCHOOL THROUGH COMMUNITY COLLEGE OR ENTRY INTO THE WORKFORCE LEADING TO ENHANCED LIVES AND CAREERS. 0 0 3838704 43691 TO PROVIDE AN AVENUE OF SUCCESS FOR NEBRASKA AND IOWA AREA STUDENTS OF TALENT AND NEED BY OFFERING COMPREHENSIVE SUPPORT FROM HIGH SCHOOL THROUGH COMMUNITY COLLEGE OR ENTRY INTO THE WORKFORCE LEADING TO ENHANCED LIVES AND CAREERS. SERVICES INCLUDE ACADEMIC SUPPORT, COLLEGE APPLICATION SUPPORT, MENTORING, GROUP AND INDIVIDUAL COUNSELING, WORK STUDY GUIDANCE, FINANCIAL AID AND SCHOLARSHIP SUPPORT. 3838704 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 1 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 1 17 0 1 44 1 0 0 0 0 0 1 1 0 0 0 0 X 5 4 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X THE ORGANIZATION 4029169777 2121 N 117 AVENUE OMAHA NE 68164 KATIE WEITZ DIRECTOR 0.00 X 0 0 0 JEFF SCHMID DIRECTOR 0.00 X 0 0 0 CALVIN SISSON DIRECTOR 0.00 X 0 0 0 KEN BIRD PRESIDENT/CEO 40.00 X X 506918 0 72806 SUSIE BUFFETT CHAIRMAN 0.00 X X 0 0 0 MICHAEL ALVANO COO/CFO 40.00 X X 175256 75193 55786 KRISTOPHER VALENTIN SR DIRECTOR OF HUMAN RESOU 40.00 X 121716 0 37380 803890 75193 165972 3 0 1 0 0 35571 507656 4340993 4884220 66699 66699 201566 35571 110222 91344 91344 OTHER INCOME 900099 7279 7279 7279 5049542 0 0 165322 43691 43691 984450 433158 551292 2446579 2410156 36423 216000 172800 43200 17075 17075 279650 166519 113131 51148 51148 133004 133004 109755 71013 38742 782 782 102847 102847 SUPPLIES/ OTHER PROGRAM 192632 192632 ANNUAL LUNCHEON 120631 120631 STUDENT SUPPORT 94038 94038 SENIOR ACADEMY 76045 76045 127839 58021 69818 4996166 3838704 1157462 0 879912 714330 1723228 766124 143408 957104 1131776 1173406 2155096 2844840 650000 16379 6034 16379 656034 X 1996873 2011812 141844 176994 2138717 2188806 2155096 2844840 53376 -3287 0 X X 0 1 X 1 0 X 3703201 5009706 5591826 4740575 4884220 23929528 3703201 5009706 5591826 4740575 4884220 23929528 14152569 9776959 28943 19153 12758 20852 66699 148405 112606 7279 119885 24197818 0.40400 0.40070 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 31946 28425 3521 779296 737699 41597 911986 911986 957104 CAPITALIZED LEASE OBLIGATIONS 6034 6034 X 5046255 -3287 -3287 5049542 0 5049542 4996166 0 4996166 0 4996166 PART X, LINE 2: THE ORGANIZATION IS EXEMPT FROM FEDERAL INCOME TAXES AS A NON PROFIT ORGANIZATION (FILING AS A PUBLIC CHARITY) UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. THE FINANCIAL STATEMENTS WILL NOT REFLECT A PROVISION FOR INCOME TAXES, EXCEPT FOR THE TAX ON UNRELATED BUSINESS INCOME. FOR THE YEARS ENDED AUGUST 31, 2023 AND 2022, THE ORGANIZATION HAD NO TAX LIABILITY FOR UNRELATED BUSINESS INCOME. THE ORGANIZATION IS NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS BY FEDERAL, STATE, OR LOCAL TAX AUTHORITIES FOR YEARS BEFORE 2020. WINE TASTING AND DINNER 237137 35571 201566 110222 237137 35571 201566 110222 110222 91344 1 EMERGENCY SUPPORT FOR STUDENTS TO ENCOURAGE SCHOOL ATTENDANCE SUCH AS LIVING EXPENSES, SCHOOL SUPPLIES, MEDICAL ASSISTANCE, OR AUTO EXPENSES 33 19864 TRAINING ASSISTANCE 37 11077 DENTAL ASSISTANCE PROGRAM 3 12750 SCHEDULE I, PART I, LINE 2 THE ORGANIZATION MONITORS THE USE OF GRANTS FUNDS AS THE GRANTS ARE AWARDED. X X X 0 0 0 0 0 0 0 0 0 KEN BIRD PRESIDENT/CEO 381918 0 125000 0 0 0 45750 0 27056 0 579724 0 0 0 MICHAEL ALVANO COO/CFO 144756 75193 30500 0 0 0 27404 2220 17467 8695 220127 86108 0 0 KRISTOPHER VALENTIN SR DIRECTOR OF HUMAN RESOU 101216 0 20500 0 0 0 12166 0 25214 0 159096 0 0 0 FORM 990, PART VI, SECTION B, LINE 11B THE ORGANIZATION'S BOARD REVIEWS THE 990 BEFORE IT IS FILED. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION PERFORMS A PERIODIC REVIEW OF ALL POTENTIAL AND ACTUAL CONFLICT OF INTERESTS AS REQUIRED BY THEIR CONFLICT OF INTEREST POLICY. FORM 990, PART VI, SECTION B, LINE 15 THE ORGANIZATION HAS A COMPENSATION COMMITTEE WHO REVIEWS AND EVALUATES COMPENSATION OF THE ORGANIZATION'S KEY EMPLOYEES INCLUDING THE EXECUTIVE DIRECTOR FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY , AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XII, LINE 1: THE ORGANIZATION USES THE MODIFIED CASH BASIS OF ACCOUNTING. UNDER THAT BASIS , CERTAIN SUPPORT REVENUE AND THE RELATED ASSETS ARE RECOGNIZED WHEN RECEIVED RATHER THAN WHEN EARNED AND CERTAIN EXPENSES ARE RECOGNIZED WHEN PAID RATHER THAN WHEN THE OBLIGATION IS INCURRED. FORM 990, PART XII, LINE 2C: THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. BUILDING BRIGHT FUTURES 2121 N 117 AVENUE OMAHA NE 68164 260436138 PREPARE LOCAL STUDENTS FOR POST-SECONDARY EDUCATION THROUGH CONTRIBUTIONS NE 501(C)(3) LINE 7 0 AVENUE SCHOLARS IOWA 2121 N 117 AVENUE OMAHA NE 68164 841914779 GOAL IS TO ENSURE CAREERS FOR STUDENTS IN NEED THROUGH EDUCATION & TRAINING IA 501(C)(3) LINE 12A, I AVENUE SCHOLARS 1 AVENUE SHARED SERVICES 2121 N 117 AVENUE OMAHA NE 68164 883403577 SHARED SERVICES NE 501(C)(3) LINE 7 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 AVENUE SHARED SERVICES M 216000 AGREED-UPON FEE